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The chamber's chief executive, Gina Quinn, said: "We are highlighting the fact that while Dublin is waiting for the delivery of key pieces of transport infrastructure, there are a number of moves that could be adopted to improve matters up to 2004."

The Irish government launched a £24 million investment in water-based tourism and leisure initiatives around the country's coastline.

The Marine and Natural Resources Minister, Frank Fahey, said the aim was to create "a necklace of marinas around the Irish coast".

Mr Fahey said the scheme had the potential to generate hundreds of jobs and deliver economic benefits to almost every coastal county in the country.